The Egide Group (Euronext Growth Paris™- ISIN: FR0000072373 – Mnémo: ALGID) and the American bank Amerisource Business Capital, one of the main independent providers of direct financing to small and medium-sized enterprises in the United States, announce today the signing of a financing agreement in the amount of $3 million.
This financing on assets (ABL loans) finances the subsidiaries Egide USA and Santier, up to $1.5 million each, on the basis of customer accounts and inventories of each entity.
Amerisource Business Capital used this new $3M financing to repay the remaining lines of credit and long-term loans to Bank of California for a total amount of $2.66M.
The full press release is online on the Group’s website: www.egide-group.com – Finance section
EGIDE is listed on Euronext Growth Paris™- ISIN: FR0000072373 – Ticker: ALGID